The Nigerian National Petroleum Company Limited (NNPCL) has called for the engagement of third-party operators to revive idle oil and gas assets across the country.
The move, according to NNPCL, aims to boost production, enhance efficiency, and maximize Nigeria’s hydrocarbon resources amid ongoing energy sector challenges.
Speaking at [insert event or meeting], NNPCL’s Group Chief Executive Officer, [insert name], emphasized the need for strategic partnerships to unlock the full potential of underutilized assets.
“Our focus is to ensure that these assets contribute to national revenue and energy security. Partnering with capable third-party operators will accelerate production and optimize resources,” the CEO stated.
The proposal aligns with Nigeria’s push to attract investment into the oil and gas sector while addressing production decline due to funding constraints, security concerns, and operational inefficiencies.
Industry experts say this initiative could improve crude oil output, create jobs, and enhance revenue generation, positioning Nigeria more competitively in the global energy market.
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